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(TrioMercan) Trio Mercan complete technical analysis [charts+indicators] | Buy/Sell Trio Mercan | (TrioMercan) share price targets

Complete technical analysis of Trio Mercan (TrioMercan) by charts plus indicators, forecast predictions and share price targets for Trio Mercan (TrioMercan)

Showing technical analysis as on 2022-04-08 View latest technical analysis

10 day averaged volume of Trio Mercan is 128256

Date Daily Closing Price Open High Low Volume
08 Fri Apr 2022 2.05 2.06 2.07 2.00 1.26 times
07 Thu Apr 2022 2.06 2.07 2.10 2.00 1.79 times
06 Wed Apr 2022 2.08 2.12 2.12 2.05 0.648 times
05 Tue Apr 2022 2.06 2.08 2.10 2.01 1.038 times
04 Mon Apr 2022 2.05 2.15 2.15 2.02 1.999 times
01 Fri Apr 2022 2.10 2.12 2.12 2.05 0.495 times
31 Thu Mar 2022 2.07 2.15 2.15 2.05 0.507 times
30 Wed Mar 2022 2.05 2.05 2.16 2.00 1.438 times
29 Tue Mar 2022 2.06 2.12 2.17 2.03 0.573 times
28 Mon Mar 2022 2.10 2.26 2.30 2.09 0.642 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2 as stoploss in an intra day buy trade for a target of 2.24. However, stock will show a bearish move below 2.

Share price targets for Trio Mercan (TrioMercan)

Target Type Value
Downside Target 1.95
Downside Target 2.00
Upside Target 2.09
Upside Target 2.15
Upside Target 2.27
Upside Target 2.42
Upside Target 2.53
Upside Target 2.76
Upside Target 2.80
Upside Target 3.08
Upside Target 3.37
Upside Target 3.50

Intraday share price targets for Trio Mercan (TrioMercan)

Target Type Value
Downside Intraday Target 1.98
Downside Intraday Target 1.92
Upside Intraday Target 2.13
Upside Intraday Target 2.22
Upside Intraday Target 2.07

Weekly technical analysis of Trio Mercan (TrioMercan)

Date Weekly Closing Price Open High Low Volume
08 Fri Apr 2022 2.05 2.15 2.15 2.00 1.843 times
01 Fri Apr 2022 2.10 2.26 2.30 2.00 0.714 times
25 Fri Mar 2022 2.20 2.53 2.53 2.09 1.665 times
17 Thu Mar 2022 2.48 2.67 2.80 2.42 1.368 times
11 Fri Mar 2022 2.55 2.37 2.57 2.16 0.734 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Trio Mercan (TrioMercan)

Date Monthly Closing Price Open High Low Volume
08 Fri Apr 2022 2.05 2.12 2.15 2.00 0.442 times
31 Thu Mar 2022 2.07 2.43 2.80 2.00 1.212 times
28 Mon Feb 2022 2.48 2.92 3.08 2.27 0.217 times
31 Mon Jan 2022 2.96 3.35 3.50 2.76 1.542 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Trio Mercan (TrioMercan)

Indicator Name Indicator Value Indicator Signal
ADX 42, 42, 0 Sell
MACD -0, -0Buy
Stochastics 21Sell
CCI -123Sell
RSI 47Sell
OBV -863584Sell
VWAP 2Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Trio Mercan ( (TrioMercan) ) based on a short term time period is

Price action analysis of Trio Mercan ( (TrioMercan) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Trio Mercan ( (TrioMercan) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Trio Mercan ( (TrioMercan) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Trio Mercan stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Trio Mercan in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Trio Mercan Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Trio Mercan in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Trio Mercan is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.06 and Trio Mercan (TrioMercan) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Trio Mercan (TrioMercan) stock. Volume based technical analysis of Trio Mercan (TrioMercan) stock is negative.

Trio Mercan Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Trio Mercan charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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